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Exhibit 14A-5 Macro AD-AS Model
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Economic growth is represented in Exhibit 14A-5 by:
A. leftward shift in the long-run aggregate supply curve (LRAS).
B. inward shift of the production possibilities curve.
C. rightward shift in the long-run aggregate supply curve (LRAS).
D. movement along the long-run aggregate supply curve (LRAS).
Answer: C
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a. net flows of goods from foreign countries to the domestic government. b. net money flows from the foreign firms to the domestic government. c. net money flows from the domestic firms to the domestic government. d. net money flows from the foreign firms to the domestic firms. e. net flows of goods from foreign countries to the domestic firms.
Assume that Paris First National Bank is a thriving bank with deposits of $20 million. If the legal reserve requirement is 20 percent and the bank is fully loaned out, the bank will keep what amount of required reserves?
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